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What's a "money factor" and why does it matter?

Money factor is the lease equivalent of an interest rate. To convert to APR: multiply by 2,400. A money factor of 0.00125 = 3% APR. This is negotiable on most brands. Lowering money factor by 0.0001 saves you ~$3-5/month (doesn't sound like much, but that's $108-180 over 3 years).

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